Wednesday, December 26, 2012

In case you are doing
anything other than year end administrative chores, Quant has a message for us
today. The SPDR Materials Select Sector Fund (XLB) has spent most of the past
few months in the top 50 with an occasional peek into the top 25 but the past
week has seen it solidify its position in that group of 25 with a rank of 16th
place today. We also see the Global X
Silver Miners Fund (SIL) with a big 152 place jump into 40th place and other
basic material funds also scoring better today.
With central banks around the world in a race to the bottom regarding
exchange rates perhaps the market is getting ready to play an inflationary
theme. Most desks have skeleton crews so
we’ll see if that theme plays out when full staffs return next week. We hope to be able to button our pants by
then but will keep you apprised of any movement in the model in the
meantime. Enjoy the holidays and thanks
for checking in today.